SBF's "carelessness" fraud protection, after misrepresenting threat administration and funneling buyer cash to Alameda, is a confession the SEC sees straight by (Matt Levine/Bloomberg)

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Matt Levine / Bloomberg:

SBF’s “carelessness” fraud protection, after misrepresenting threat administration and funneling buyer cash to Alameda, is a confession the SEC sees straight by  —  Oh Sam  —  I.  —  Right here is the way you run a futures alternate:  — You provide some bets on some propositions, say, whether or not Bitcoin will go up or down.